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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Office buildings
7301 Somerset Blvd Paramount, CA 90723
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-7368635
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
4,050 SF
Lot
0.46 ac (20,216 SF)
Zoning code
PAM1*
APN
6241-026-013
UPID
US09-7368635
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$698k
Blend (final)
Blend
$1.11M
Owner & transaction history
Harry H Joh · 13 yrs held
Harry H Joh
since 2013
7 recorded transactions
Zoning & alternative use
PAM1* · Paramount, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+1.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Paramount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paramount submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,815,000
Current use
MEDICAL BUILDING
$1,840,000
Change: +1% · Conversion: Easy
RETAIL STORES
$1,550,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$274 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,355
Tax year 2024
Assessed value
$785,186
Assessed 2024
Previous assessed
$785,186
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$482,910
Assessed improvement
$302,276
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Total area
4,050 SF
Lot
0.46 ac (20,216 SF)
Zoning code
PAM1*
APN
6241-026-013
UPID
US09-7368635
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PAM1* · Paramount, CAZoning PAM1* · permitted uses
PAM1* · Paramount, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Harry H Joh
Individual
Mailing address
7303 SOMERSET BLVD, PARAMOUNT, CA 90723-4015
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Harry H Joh
—
Deed
related
$520,000 · Commonwealth Business Bank
Jun 12, 2013
$1,050,000
Harry H Joh
Richard M Humble
Grant Deed
$682,000 · Hanmi Bank
Mar 9, 2005
$1,075,000
Richard M Humble
Kissick,michael III
Grant Deed
$860,000 · Bank Of America
Dec 30, 1992
—
Gilbert L Wiggam
—
Deed Of Trust
related
—
Dec 21, 1991
—
Wiggam Gilbert L Tr
—
Deed Of Trust
related
—
—
—
Gilbert L Wiggam
—
Deed Of Trust
related
$173,724 · Sanwa Bank California
—
—
Richard M Humble
—
Deed Of Trust
related
$350,000 · USA
—
—
Harry H Joh
—
Deed Of Trust
related
$3,000,000 · Bbcn Bk-ca
—
—
Harry H Joh
—
Deed Of Trust
related
$1,500,000 · Hanmi Bank
—
—
Harry H Joh
—
Deed Of Trust
related
$650,000 · Bbcn Bk
—
—
Harry H Joh
—
Loan Modification
related
$3,000,000 · Hanmi Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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